Daily News -

Boris Johnson to take over as Prime Minister of Britain

Boris Johnson will take over as Prime Minister of Britain. He succeeds Theresa May who resigned recently. He is expected to use the opportunity to increase the number of women in full cabinet positions and boost the representation of ethnic minorities.

Did you Know

UK has become 1st country to declare a ‘Climate Emergency’.

Govt sets target for installation of Solar projects of 40,000 MW by 2022

The government has set a target for the installation of Rooftop Solar projects of 40000 MegaWatt by 2022 in the country. The New and Renewable Energy Ministry s implementing Grid Connected Rooftop Solar programme.

Did you Know

New and Renewable Energy Minister - RK Singh.

IMF cuts India’s FY20 growth forecast by 30 bps to 7%

The International Monetary Fund cut its annual growth forecast for India to 7% in the year ending 31 March 2020 and 7.2% for FY 2020-21. The downward revision of 0.3% point for both years reflects a weaker-than-expected outlook for domestic demand.

Did you Know

IMF has revised its projection for global growth to 3.2%.

India's RBI names Deputy Governor B.P. Kanungo to run monetary policy

India's central bank had assigned deputy governor B.P. Kanungo to run the monetary policy portfolio after the resignation of fellow deputy governor Viral Acharya. He would become the sixth member of the Reserve Bank of India's Monetary Policy Committee.

Did you Know

Kanungo is also responsible for currency management portfolio.

Yes Bank launches Smart Edge, a lending program for MSMEs

Yes Bank has announced a surrogate lending program ‘Smart Edge’ through which an MSME can avail secured working capital limits from ₹ 1 - 3 Crore in the form of Overdraft, Letter of Credit & Financial Bank Guarantees.

Did you Know

‘Experience our Expertise’ is the tagline of YES Bank.

Ehsan Mani appointed chairperson of powerful ICC committee

Pakistan Cricket Board's chairman Ehsan Mani has been appointed as the head of the ICC's influential Finance & Commercial Affairs committee. He was appointed as the ICC's first F&CA chairman in 1996 and he served as the President of ICC from 2003 to 2006.

Did you Know

Andhra Pradesh became the first state to reserve 75% of jobs in private industrial units and factories for locals. The reservation would be implemented irrespective of whether the private entities get financial or any other help from the government.

Did you Know

AP: CM –YS Jagan Mohan Reddy; Governor - Biswabhusan Harichandan

CBDT celebrates Aaykar Diwas

The Central Board of Direct Taxes is celebrated the 159th Income Tax Day on 24th July. In 1860, Income Tax was introduced for the first time in India by Sir James Wilson to compensate for the losses incurred by the British regime.

Did you Know

Presently, Ali Farag ranked No.1 in PSA World Rankings.

Former tennis star Peter McNamara dies aged 64

Former Australian Davis Cup tennis player, Peter McNamara, has died aged 64. He reached a career-high No 7 in 1983, beat Jimmy Connors and Ivan Lendl to win 2 of his 5 singles titles. He was best remembered for his double’s partnership with Paul McNamee.